Litecoin / Dollar intraday: under pressure below 84.00

Trading Central 2020-11-20 22:53:05

Our pivot point stands at 84.00.

Our preference: under pressure below 84.00.

Alternative scenario: above 84.00, look for 86.30 and 87.60.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 81.46 and 81.50).

Supports and resistances:

87.60 **

86.30 *

84.00 **

83.10

81.44 last

78.70

77.40 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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